Company Valuation: Cogstate Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 232.5 264.4 285.8 191.3 294.8 475.9 - -
Change - 13.69% 8.08% -33.06% 54.11% 61.45% - -
Enterprise Value (EV) 1 232.5 222.1 241.5 147.6 239.4 417.4 405 388.6
Change - -4.5% 8.73% -38.86% 62.15% 74.37% -2.98% -4.06%
P/E Ratio 32.7x 24.8x 51.2x 23.9x 19.2x 28.3x 22.8x 17.4x
PBR - - - - - - - -
PEG - 0.5x -1.1x 0.5x 0.2x 3.11x 0.9x 0.6x
Capitalization / Revenue 5.16x 4.06x 4.51x 2.97x 3.61x 5.66x 4.95x 4.15x
EV / Revenue 5.16x 3.41x 3.82x 2.29x 2.93x 4.97x 4.21x 3.39x
EV / EBITDA - 11.8x 29.2x 10.8x 9.75x 16.7x 13x 9.48x
EV / EBIT - 14.3x 57.2x 15.3x 12x 20.4x 15.6x 10.4x
EV / FCF - 16.5x 295x 18.7x 13.8x 30.8x 20.5x 14.4x
FCF Yield - 6.07% 0.34% 5.35% 7.27% 3.25% 4.87% 6.96%
Dividend per Share 2 - - - - - 0.0308 0.0412 0.0515
Rate of return - - - - - 1.1% 1.47% 1.84%
EPS 2 0.0416 0.0616 0.0322 0.047 0.0908 0.099 0.1231 0.1608
Distribution rate - - - - - 31.1% 33.5% 32.1%
Net sales 1 45.05 65.19 63.29 64.33 81.71 84.07 96.14 114.8
EBITDA 1 - 18.85 8.28 13.72 24.56 25.04 31.1 40.98
EBIT 1 - 15.49 4.22 9.66 20.03 20.51 26.04 37.46
Net income 1 - 10.9 5.582 8.073 15.8 16.57 20.73 27.54
Net Debt 1 - -42.3 -44.28 -43.63 -55.38 -58.46 -70.91 -87.34
Reference price 2 1.360 1.525 1.650 1.120 1.745 2.800 2.800 2.800
Nbr of stocks (in thousands) 170,988 173,368 173,186 170,779 168,927 169,966 - -
Announcement Date 8/24/21 8/29/22 8/21/23 8/21/24 8/21/25 - - -
1AUD in Million2AUD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.67x4.84x16.27x - 328M
29.6x5.25x16.28x1.11% 43.03B
-19.35x285.46x-17.58x-.--% 32.71B
22.08x2.54x10.99x-.--% 30.29B
39.46x3.91x25.05x-.--% 29.4B
29.23x7.53x19.36x0.4% 25.08B
27.43x4.4x20.02x-.--% 13.35B
22.25x1.93x8.48x1.2% 12.97B
-20.3x13.35x-19.88x-.--% 12.11B
Average 17.56x 36.58x 8.78x 0.34% 22.14B
Weighted average by Cap. 18.17x 51.15x 9.14x 0.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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